Cost of environmental damage will be six times higher than price of limiting global heating to 2C, study finds
Average incomes will fall by almost a fifth within the next 26 years as a result of the climate crisis, according to a study that predicts the costs of damage will be six times higher than the price of limiting global heating to 2C.
The language lovers among you will know that economy and ecology are twins, born and raised in the same ancient home the Greeks called oikos. They live estranged in our modern minds — a tragic separation with immense cost as the eco crashes its way back into the economy.
When we are confused about carbon taxes or other climate policies, we often turn to Google for help. Some of us Google Search for information on “climate payment” or “climate action incentive payment” or "carbon tax rebate." Others seek government sources by searching “Environment and Climate Change Canada” or “net zero.” A few use special operators for searches, like “filetype:pdf climate change,” to filter for climate reports in PDF format.
Oil in the North Sea is expected to be net-energy negative by 2031. This means that in 2031, it’ll cost more energy to extract the fossil fuels than we would gain by using them, rendering extraction unfeasibly expensive. Yet, rather than use our remaining years of access to these fuels to turbo-charge new energy infrastructure, fossil fuels are being extracted and burned for business as usual: quick cash. Around the world, the lights will go off in nations that don’t have back-up renewables. That’s most of them.
An open letter says plans for five new liquefied natural gas facilities do not align with global efforts to limit global warming to 1.5 C
Dozens of climate-action groups are calling on the B.C. government to halt plans to expand liquefied natural gas production because of the climate crisis.
G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds
The world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite their commitments on the climate.
